Mexico has enticed and thrilled many individuals from all over the world. Each year, the country hosts thousands of visitors from different parts of the globe who want to enjoy the hospitality of the residents, the sandy beaches, the rich culture of the people and the warm climate. The sandy beaches ran from Puerto Vallarta to all along the beautiful Oaxaca Coast. The rich maritime and the clear waters add to the charm. The affordable health care, economical homes and affordable living standards has made real estate in Mexico more attractive to the foreigners, specifically the state of Oaxaca. This is because it makes the country luxurious for living as well as a holiday destination.
When one is among the individuals willing to share the heavenly piece by investing in the real estate in Mexico, these are some of the main reasons making the country more lucrative for all.
Low Prices of Real Estates
Currently the prices of the real estates in Mexico are low. It is however important to understand that it shall not remain the same all through. Investing now in the real estate at low prices means a greater return in the future. The country remains popular among the tourists with its rapid development. With increasing in the job opportunities, it means that the residents will get enough income to invest in real estate which will translate to increased demand and rise in the prices.
High Rental income
Mexico remains a favorite destination for many tourists. Each year millions of tourists come to visit the country. This means that when one makes investment in the real estate by building rentals for tourists, they will be able to earn substantial amount of income by the end of year. One should however ensure that the property is in the town or a city like Oaxaca where the tourists visit more often. The holiday rentals have increased in popularity in Mexico over the past decades. The rental income can be enough to repay the loan and act as a constant source of income.
Mortgages for Foreigners
It is now possible for foreigners to receive loans from the commercial banks in Mexico. This is of great importance as the investor can use the real estate in Mexico to repay the mortgage. It is no longer a requirement to own a home in the native country to be able to receive a loan in Mexico.
The developers in Mexico are now offering huge discounts on the pre-construction of property in Mexico. This is mainly meant to arouse the interest of the foreign investors who have an eye on the real estate in Mexico. It also acts as an enticer to the financiers by ensuring them that their investment is in good hands. A buyer purchasing the real estate at this stage is bale to make huge savings.
Are you willing to own a property in Mexico and not ready to bear the maintenance and repair costs? Fractional ownership allows one to get title to enjoying luxurious hotels without incurring the high prices of purchasing the real estate in Mexico. In this case, one buys a deeded share allowing one to use the facilities in the hotel for a given number of weeks each year. By making payment for the time of use, the fractional ownership becomes very affordable to receive the luxury in Mexico.